Monday, December 5, 2022
HomeCrypto NewsMarketVeChain Announces Partnership With Venice Sustainable Fashion Forum

VeChain Announces Partnership With Venice Sustainable Fashion Forum

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VeChain has bagged yet another partnership in Europe, this time in fashion.

Leading enterprise Layer 1 blockchain, VeChain, has announced in a tweet today a partnership with Venice Sustainable Fashion Forum to drive sustainability in fashion supply chains, starting with an event in Venice.

“We’re excited to partner with the Venice Sustainable Fashion Forum to help drive sustainability in fashion supply chains alongside major global brands & our key channel partner @DNV_Group,” tweeted VeChain.

The event’s focus in Venice will be the future of sustainability in the fashion supply chain and, with VeChain’s partnership, how blockchain can accelerate that development. It is worth noting that VeChain has been using its blockchain to support clients looking to move towards more sustainable practices.

“We aim to support clients moving towards more sustainable and measurable practices,” said Sunny Lu, CEO of VeChain, in a shared video by The European House Ambrosetti.

Notably, the latest announcement has been well received by the VeChain community. Moreover, VeChain executive Sarah Nabaa asserted that fashion houses needed to be more transparent and conscious about their missions. According to the executive, VeChain and its partners had the required tools to help the industry do just that.

It bears mentioning that the blockchain continues expanding its physical presence in Europe. The foundation had announced its expansion into Europe by establishing two new facilities in the region, citing this as the reason for the uptick in legal fees as it increased legal consultation to finalize its new European headquarters.

Notably, in its unrelenting bid to bring a sustainability revolution to Europe, the enterprise blockchain partnered with UCO to transform cooking oil into biofuel last month – great use for a common waste product, as reported by The Crypto Basic.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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